Back to School Loans

Back to School Loans

Back to School Loans

 

back to school loan link credit unionBACK 2 SCHOOL LOANS

Back to School is becoming a bigger expense these days! With buying uniforms, books and supplies it is easy to see how the costs can add up!! A recent Survey undertaken by the Irish League of Credit Unions shows that one in four parents will be forced to deny their children basic school items in September.

According to the recent survey, the average back to school outlay will be €1,209 per child, (up from €1,185 in 2016), which is a 2% rise!

At Link Credit Union, we are here to help relieve your stresses with our “Back to School Loan”. Borrow what you need to cover your costs and then sit back and relax as school season starts!!

Each year school can be costly and you can borrow from us throughout the year for any of the following expenses:

  • Uniforms, Shoes and Winter Wear
  • Books, Bags and Supplies
  • Laptops / iPads
  • Bus Tickets
  • School Contributions and Trips
  • and whatever else the kids need!

Repayments for your Loan can be tailored to suit your needs and now it has never been easier to apply!! Once you have been a previous borrower with Link Credit Union you only need to provide us with the following:

 

For Loan Applications under a total of €5000:-

  • 2 recent Payslips / Social Welfare Slips
  • Photo ID – if not already on file
  • Proof of Address
  • PPS number – if not already on file

 

If you do not have a previous credit history with Link Credit Union please provide us with the following:-

  • 2 recent Payslips / Social Welfare Slips
  • 3 Months Bank Statements
  • Photo ID – if not already on file
  • Proof of Address
  • PPS number if not already on file

ALTERNATIVELY, YOU CAN NOW TAKE AN EXPRESS LOAN:-

The benefits of an express loan is that not only do you get an ON THE SPOT DECISION; but you only need to provide us with Photo ID, Proof of Address and your PPS number once the following conditions are met:

  • Previous Recent Loans with Link Credit Union
  • Total indebtness of €10,000 or less
  • No Credit Control history on Account
  • Clear ICB
  • Shares equivalent to 10% of the express loan
  • Max Loan =€2,000 over 12 months

 

See how affordable your Back to School loan can be by using our Online Loan Calculator

 

EXAMPLE LOAN COSTING:

Borrow: €500.00 @ 10.5% (APR 11.07%)

Repay: €10 per week

Total Interest to pay: €27.50

Total Cost of Loan: €527.50.

 

You can apply online by Logging into your CU Online account, in any of our offices, or download our Loan Application Form

 

Read  Back to School Blog – Research study conducted in July 2016 regarding Back to School Costs

Click below to view the Battling Back to School Blues Video: